the "What are you doing NOW" thread (part deux)

CHA CHING... cellie...

.
E8213C43-0977-46F0-B11F-EFC0E436B97B.webp
 
a friend texting this...

The 20s are pounds (BPS British Pounds Sterling), not Euro. Only the 10 is Euro

The 40 pounds is worth $49. 10 euro worth $10.73

Looks like you got ~$61


CHA CHING... $$$...
 
wader said:
that they were all pound sterling notes - didn't see the euro

Pound be worth more then pretty much any currency out there - USD included
Click to expand...

Yes, but at $1.24 to £1.00, it's a mere shadow of it's former 70's self of $3 to £1, and with $1.08 to €1.00, Euro is not anything to write home about any more either...
 
Roccus7 said:
Yes, but at $1.24 to £1.00, it's a mere shadow of it's former 70's self of $3 to £1, and with $1.08 to €1.00, Euro is not anything to write home about any more either...
Click to expand...

Euro usually ranges below the USD
In Britain's hey day the GBP was pegged at $5.00 USD.

When I was living in the UK in '83 it was $1.50 +/-.
 
was looking for the what are you doing now topic...this is more like the chat about anything you want thread or an anglophile thread.....

ohhh well CHEERIO
 
Roccus7 said:
I don't know know what Euro you've been tracking, but only from 1999 to 2002ish was a Euro worth less than a USD. See historical chart, for most of history €1 > $1.


View attachment 18661
Click to expand...

Experience.

when I was working a significant amount of my buys came out of Europe - we paid in the local currency - there was a large section of time where the Euro dropped below the USD on a day to day basis - we locked in one those sustained dips to buy the Euro & hold for later purchases.

I have not been bothering to track it as I have no need to.
 
wader said:
Experience.

when I was working a significant amount of my buys came out of Europe - we paid in the local currency - there was a large section of time where the Euro dropped below the USD on a day to day basis - we locked in one those sustained dips to buy the Euro & hold for later purchases.

I have not been bothering to track it as I have no need to.
Click to expand...

Yes, all multinationals play currency hedges and since the dollar is usually lower in value than the euro, many jumped and buying them up when it dipped so low so props for that.

Regardless, your original statement stands as incorrect. The dollar has habitually been lower in value than the euro, except for that dip in the late 90s early 00s, as the historical data presented shows. Feel free to present data that supports your original statement.

You've never lived in multinational hell until you run an overseas operation and your American boss insists on seeing everything in dollars. At the time I was doing it, the Irish had their own pound, the "Punt". My Irish Finance Director and I soon found ways to play this to our advantage, hiding all the "bad news" in "exchange differences." However, the funniest thing was his insistence of seeing all "From/To" reports in dollars. "Chuck, WTH do you want to see that in dollars??? If you really want to see changes, without the influence of exchange, we should really show you that in punt." "No, I want it in dollars." "OK Paul, maximize the exchange factor for our next From/To report."
 
Last edited:

Latest posts

Members online

Total: 250 (members: 5, guests: 245)

Latest posts

Fishing Reports

Latest articles

Latest posts

Back
Top